12431 Merrill Street, Garden Grove, California 92840, Garden Grove, 92840 - 3 bed, 2 bath

12431 Merrill Street, Garden Grove, California 92840 home-pic-0
ACTIVE$948,000
12431 Merrill Street, Garden Grove, California 92840
3Beds
2Baths
1,120Sqft
7,329Lot
Year Built
1955
Close
-
List price
$948K
Original List price
$928K
Price/Sqft
$846
HOA
-
Days on market
-
Sold On
-
MLS number
OC25152931
Home ConditionPoor
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $948.0K(27th), sqft - 1120(8th), beds - 3(50th), baths - 2(50th).

Welcome to your next great investment! This diamond in the rough is nestled in one of the city's most desirable neighborhoods, offering incredible value and endless potential. With a spacious lot, preliminary plan to add 800 sqft ADU to rear of property and a 500 sqft JADU in the front of property totaling 3 units. This property is perfect for savvy investors or cash buyers looking to unlock serious upside. Whether you're looking to renovate, expand, or develop, this property is a blank canvas in a location that supports strong resale or rental value due to its large lot size.

Price History

Date
Event
Price
07/31/25
$948,000
07/08/25
$928,000
Condition Rating
Poor

Built in 1955, this property is 69 years old. The MLS description explicitly calls it a 'diamond in the rough' and a 'blank canvas' for 'savvy investors or cash buyers looking to unlock serious upside' and 'renovate, expand, or develop,' indicating it requires substantial rehabilitation. The images confirm this: the kitchen features very old wooden cabinets, laminate countertops, and outdated appliances, suggesting no significant updates in many decades. The bathroom also shows very old fixtures and tiling. Flooring consists of worn hardwood, old carpet, and dated linoleum/tile. The exterior and yard are unkempt. While not explicitly stated as structurally unsound, the age and lack of visible modern updates strongly imply that major systems (electrical, plumbing, HVAC) are likely original or very old, requiring extensive replacement. The property is far from move-in ready and would be very uncomfortable by modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

ADU/JADU Development Potential: Preliminary plans for an 800 sqft ADU and 500 sqft JADU offer significant income generation and value appreciation, transforming it into a potential 3-unit property.
Generous Lot Size: The spacious 7,329 sqft lot provides ample room for expansion and directly supports the multi-unit development potential, enhancing overall property value.
High Investment Upside: Marketed as a 'diamond in the rough' and 'blank canvas,' the property presents substantial upside for savvy investors through renovation and strategic development.
Desirable Neighborhood Location: Nestled in one of Garden Grove's most desirable neighborhoods, the location enhances its long-term resale and rental value.
Strong Resale & Rental Value: The property's prime location and significant development potential contribute to robust future resale and rental income prospects.

Cons

Requires Extensive Renovation: Described as a 'diamond in the rough' and 'blank canvas,' the property is not move-in ready and will require significant capital investment for updates and modernization.
Older Construction (1955): Built in 1955, the home likely features original systems and finishes, suggesting potential for deferred maintenance and the need for comprehensive upgrades.
Increased List Price: The current list price of $948,000 is an increase from the original $928,000, which could indicate a market adjustment or a slower initial buyer response.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state